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DEFERRED ACQUISITION COSTS, PRESENT VALUE OF FUTURE PROFITS AND SALES INDUCEMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Deferred Charges, Insurers [Abstract] |
Schedule of Deferred Policy Acquisition Costs | Changes in deferred acquisition costs were as follows (dollars in millions):
|  | Six months ended
|  | June 30, 2026
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Supplemental health |  | Medicare supplement |  | Long-term care |  | Interest-sensitive life |  | Traditional life |  | Funding agreements |  | Total
Beginning of period |  | $ | 497.4 |  |  | $ | 41.8 |  |  | $ | 473.5 |  |  | $ | 162.9 |  |  | $ | 165.3 |  |  | $ | 277.5 |  |  | $ | 592.2 |  |  | $ | 10.1 |  |  | $ | 2,220.7 |
Capitalizations |  | 56.5 |  |  | 5.0 |  |  | 37.6 |  |  | 20.3 |  |  | 17.4 |  |  | 20.9 |  |  | 62.9 |  |  | 2.2 |  |  | 222.8 |
Amortization expense |  | (34.8) |  |  | (3.4) |  |  | (20.2) |  |  | (12.5) |  |  | (8.4) |  |  | (9.0) |  |  | (37.7) |  |  | (2.2) |  |  | (128.2) |
End of period |  | $ | 519.1 |  |  | $ | 43.4 |  |  | $ | 490.9 |  |  | $ | 170.7 |  |  | $ | 174.3 |  |  | $ | 289.4 |  |  | $ | 617.4 |  |  | $ | 10.1 |  |  | $ | 2,315.3 |
|  | Six months ended
|  | June 30, 2025
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Supplemental health |  | Medicare supplement |  | Long-term care |  | Interest-sensitive life |  | Traditional life |  | Funding agreements |  | Total
Beginning of period |  | $ | 450.0 |  |  | $ | 35.9 |  |  | $ | 438.1 |  |  | $ | 157.4 |  |  | $ | 148.6 |  |  | $ | 256.0 |  |  | $ | 529.5 |  |  | $ | 9.9 |  |  | $ | 2,025.4 |
Capitalizations |  | 54.6 |  |  | 6.6 |  |  | 35.4 |  |  | 14.6 |  |  | 14.6 |  |  | 18.1 |  |  | 68.6 |  |  | — |  |  | 212.5 |
Amortization expense |  | (31.5) |  |  | (3.2) |  |  | (18.6) |  |  | (12.5) |  |  | (7.7) |  |  | (8.3) |  |  | (33.3) |  |  | (1.6) |  |  | (116.7) |
End of period |  | $ | 473.1 |  |  | $ | 39.3 |  |  | $ | 454.9 |  |  | $ | 159.5 |  |  | $ | 155.5 |  |  | $ | 265.8 |  |  | $ | 564.8 |  |  | $ | 8.3 |  |  | $ | 2,121.2 |
Schedule of Present Value of Future Insurance Profits | Changes in the present value of future profits were as follows (dollars in millions):
| Six months ended
| June 30, 2026 |  |  |  |
| Supplemental health |  | Medicare supplement |  | Long-term care |  | Traditional life |  | Fixed indexed annuities |  | Fixed interest annuities |  | Total |  |  |  |
Beginning of period | $ | 117.4 |  |  | $ | 12.0 |  |  | $ | 3.7 |  |  | $ | 9.9 |  |  | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | 143.6 |  |  |  |  |
Amortization expense | (5.5) |  |  | (1.6) |  |  | (0.3) |  |  | (0.7) |  |  | — |  |  | — |  |  | (8.1) |  |  |  |  |
End of period | $ | 111.9 |  |  | $ | 10.4 |  |  | $ | 3.4 |  |  | $ | 9.2 |  |  | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | 135.5 |  |  |  |  |
| Six months ended |  |  |  |
| June 30, 2025 |  |  |  |
| Supplemental health |  | Medicare supplement |  | Long-term care |  | Traditional life |  | Fixed indexed annuities |  | Fixed interest annuities |  | Total |  |  |  |
Beginning of period | $ | 128.8 |  |  | $ | 15.7 |  |  | $ | 4.4 |  |  | $ | 11.3 |  |  | $ | 0.5 |  |  | $ | 0.3 |  |  | $ | 161.0 |  |  |  |  |
Amortization expense | (5.8) |  |  | (1.9) |  |  | (0.4) |  |  | (0.7) |  |  | (0.1) |  |  | — |  |  | (8.9) |  |  |  |  |
End of period | $ | 123.0 |  |  | $ | 13.8 |  |  | $ | 4.0 |  |  | $ | 10.6 |  |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | 152.1 |  |  |  |  |
Schedule of Deferred Sale Inducement Cost | Changes in sales inducements were as follows (dollars in millions):
|  | Six months ended
|  | June 30, 2026
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Total
Beginning of period |  | $ | 170.1 |  |  | $ | 6.5 |  |  | $ | 176.6 |
Capitalizations |  | 28.1 |  |  | 0.9 |  |  | 29.0 |
Amortization expense |  | (12.3) |  |  | (0.5) |  |  | (12.8) |
End of period |  | $ | 185.9 |  |  | $ | 6.9 |  |  | $ | 192.8 |
|  | Six months ended
|  | June 30, 2025
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Total
Beginning of period |  | $ | 128.1 |  |  | $ | 5.1 |  |  | $ | 133.2 |
Capitalizations |  | 31.2 |  |  | 1.1 |  |  | 32.3 |
Amortization expense |  | (9.9) |  |  | (0.5) |  |  | (10.4) |
End of period |  | $ | 149.4 |  |  | $ | 5.7 |  |  | $ | 155.1 |

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